<html><head><meta http-equiv="Content-Type" content="text/html; charset=utf-8"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;" class=""><br class="">
<div><br class=""><blockquote type="cite" class=""><div class="">On Mar 11, 2022, at 1:25 PM, Mike Burns <<a href="mailto:mike@iptrading.com" class="">mike@iptrading.com</a>> wrote:</div><br class="Apple-interchange-newline"><div class=""><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif; caret-color: rgb(0, 0, 0); font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: none;" class="">Are you saying that because investors could buy more addresses (through demonstrating to ARIN utilization on operating networks) that would raise IPv4 purchase prices? Because they would add demand to the transfer market?<o:p class=""></o:p></div><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif; caret-color: rgb(0, 0, 0); font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: none;" class=""><o:p class=""> </o:p></div></div></blockquote><br class=""></div><div>I’m saying that IMO getting addresses from ARIN for the sole purpose of leasing them to an entity that would qualify on their own for Addresses from ARIN, Does not meet requirements of building and operating networks.</div><br class=""></body></html>